DLH (NASDAQ:DLHC) Cut to Hold at StockNews.com

DLH (NASDAQ:DLHC) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Wednesday.

DLH Stock Performance

Shares of NASDAQ DLHC traded up $0.44 during midday trading on Wednesday, hitting $8.03. 48,105 shares of the company’s stock were exchanged, compared to its average volume of 48,912. DLH has a twelve month low of $7.34 and a twelve month high of $17.58. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market cap of $115.52 million, a P/E ratio of 15.75 and a beta of 1.16. The stock’s 50 day moving average price is $8.22 and its 200-day moving average price is $9.53.

Insider Activity at DLH

In other DLH news, CFO Kathryn M. Johnbull purchased 10,000 shares of the business’s stock in a transaction on Tuesday, December 17th. The stock was bought at an average cost of $7.76 per share, with a total value of $77,600.00. Following the acquisition, the chief financial officer now owns 528,687 shares of the company’s stock, valued at $4,102,611.12. The trade was a 1.93 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 21.60% of the company’s stock.

Institutional Investors Weigh In On DLH

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Minerva Advisors LLC lifted its stake in DLH by 24.2% during the third quarter. Minerva Advisors LLC now owns 636,377 shares of the business services provider’s stock valued at $5,950,000 after buying an additional 123,796 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of DLH by 24.4% during the second quarter. Dimensional Fund Advisors LP now owns 233,800 shares of the business services provider’s stock valued at $2,469,000 after acquiring an additional 45,915 shares during the period. State Street Corp lifted its position in shares of DLH by 3.9% in the 3rd quarter. State Street Corp now owns 111,447 shares of the business services provider’s stock valued at $1,043,000 after acquiring an additional 4,165 shares in the last quarter. Victory Capital Management Inc. acquired a new position in DLH in the 2nd quarter worth approximately $1,013,000. Finally, Albert D Mason Inc. grew its position in DLH by 1.5% during the 3rd quarter. Albert D Mason Inc. now owns 93,559 shares of the business services provider’s stock worth $876,000 after purchasing an additional 1,403 shares in the last quarter. Institutional investors and hedge funds own 67.25% of the company’s stock.

DLH Company Profile

DLH Holdings Corp. provides technology-enabled business process outsourcing, program management solutions, and public health research and analytics services in the United States. It offers digital transformation and cyber security solutions, including artificial intelligence and machine learning, cloud enablement, cybersecurity ecosystem, big data analytics, and modeling and simulation to the National Institutes of Health (NIH), the Defense Health Agency, Tele-medicine and Advanced Technology Research Center, and US Navy Naval Information Warfare Center (NIWC).